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Vietnam to Boost Cashew Exports

Xinhuanet 2002-03-29 11:36:14

””””HANOI, March 29 (Xinhuanet) -- Vietnam is striving to export 40,000 tons of cashew this year, 2,000 tons more than last year, according to Vietnam Cashew Association.

””””The majority of the increase is expected to come from traditional importers.

””””The United States has lowered the import duty imposed on cashewto zero percent since the end of 2001, down from 0.044 U.S. dollars per kilogram previously, providing a likely boost.

””””Vietnam Cashew Association forecast that China is also expectedto import from Vietnam between 15,000-16,000 tons a year, up from 14,000-15,000 tons,

””””The two clients alone will consume 80 percent of Vietnam's cashew exports this year.

””””Vietnam's cashew export departments is seeking new markets in Iran, Arabian Saudi, and Russia. Enditem

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